Paraxylene Price Chart PowerPoint PPT Presentations

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Ample supply amidst subdued demand in the region on the back of weakened PTA resulted in an overall dull market of Paraxylene in Q3 2020. Supple inventories of the product left no room for the sellers to spread their profit margins. To assist the hovering fundamentals, few European producers were seen implementing production cuts, but certainly, it was not enough to rebound its hovering sentiments.

The cracker has Propylene production capacity of 600 KTPA. In addition, Yeochun NCC (YNCC) and SK Global Chemical were heard starting turnarounds for their crackers from August to October. With producers highlighting tight regional supply, CFR China Propylene prices were assessed at the USD 900 per tonne levels in mid-September. Demand for Propylene Derivatives was seen gaining strength by the end of into Q3.

PMMA supply remained lengthened during Q3, with no supply-side issues observed across the European market. Arkema, one of the top three producers of the resins in Europe and North America, reported a sharp rise in its quarter-on-quarter financials buoyed by improved PMMA sales with an inclining automotive demand. However, the demand for PMMA protective screens, which hit unprecedented highs in Q2 was seen easing in Q3 with substantial recovery observed in other end-uses (such as construction and automotive). September contract prices settled at an increase after maintaining stagnancy due to firming MMA.

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Global Paraxylene Market is expected to reach $79.3 billion by 2024 growing at a CAGR of 9.7% from 2016 to 2024. Paraxylene, also known as p-xylene, is a chemical essential for producing a diverse range of polyethylene terephthalate (PET) and fiber consumer products.

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Paraxylene Market size is forecast to reach US$68.5 billion by 2026 and is growing at a CAGR of 7.3% during 2021-2026.

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Paraxylene Industry, 2013-2023 Market Research Report' is a professional and in-depth study on the current state of the global Paraxylene industry with a focus on the Chinese market.

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Download free PDF Sample: https://bit.ly/3diJuG8 #BiobasedParaxylene #MarketAnalysis Bio-based Paraxylene Market: Drivers and Restrains The research report has incorporated the analysis of different factors that augment the market’s growth.

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Download free PDF Sample: http://bit.ly/2RgkSFE #ParaxyleneMarket #MarketAnalysis This report researches the worldwide Bio-based Paraxylene market size (value, capacity, production and consumption) in key regions like North America, Europe, China and Japan.

Paraxylene market report provides a brief and detailed knowledge of key reports, market conditions and circumstances. The global Paraxylene market explains the Paraxylene market development trends, market size and large-scale industry situation to provide progressive approximation.

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Paraxylene Market Research to Witness an Outstanding Growth by 2024

Paraxylene Market to Receive Overwhelming Hike in Revenues by 2023

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Paraxylene Market Poised to Expand at a Robust Pace by 2024

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Global paraxylene market is projected to register a substantial CAGR of 7.06 % in the forecast period of 2019-2026. The report contains data of the base year 2018 and historic year 2017. This rise in market value can be attributed to the booming polyester sector, usage of non- traditional feedstock and development of PET.

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For more info: http://www.bigmarketresearch.com/global-paraxylene-px-2014-2018-market Paraxylene (PX), an aromatic hydrocarbon, is the basic raw material for the commercial production of Purified Terephthalic Acid (PTA) and Dimethyl Terephthalate (DMT), which are further used to produce polyester.

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The report on Paraxylene Market by Infinium Global Research analyzes the Paraxylene Market over the period of 2017 to 2023. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in Global Paraxylene Market. It will help a lot of decision makers to develop strategies and find new opportunities in the Global Paraxylene Market.

PX supplies in the European region were tight, during the first quarter of 2021, due to the lower operating rate of refineries in the northwest European region amidst cold weather conditions, followed by decline in imports from the USA which further tightened the market supplies.

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However, prices of rapeseed oil rose every week across the region, which continued to affect the prices of downstream products including Biodiesel. Therefore, an effective rise in prices of Biodiesel was observed across Europe during Q2 2021.

The European region encountered a steep rise in the prices of Sodium Nitrite during the first quarter of 2021, amid curtailed supplies due to the reduced imports from the USA. Shutdown of a key raw material facility in the Germany declared prompted shortages in the second half of the quarter followed by the transportation lag in the Antwerp-Rotterdam–Amsterdam route which further diminished the product inventories. Demand however surged as the offtakes were improved from the downstream segments during Q1.

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